Vehicles when repossessed or crashed are usually auctioned thereafter. What happens is the owners repair them and auction them to the public to get their money back. Usually Vehicles on auction have a good resale value and this makes it very profitable to someone who buys and sells. The bidder can make a business by purchasing and selling cars on auction. Auctions have been around for many years and they are not going anywhere so brace yourself and get with the program, attend as many vehicle auctions as you can and bid!
Vehicles on auction from a financial perspective, if you’re prepared to put the work in you should make a decent profit. Money for an old car definitely isn’t. But if you’ve got the time, the confidence, the knowledge and enjoy the thrill of the chase, purchasing at an auction could be for you. If any one of those points are missing, rather you head straight to the dealer.
be sure to inspect the cars on sale, we suggest that you take a mechanic that will look out for disorders and blemishes in the paint must be noted as well. You do not want to drive home with a smile and a frown the next morning be sure that you are buying something you are to be proud of.
Till next time, happy bidding!
For more auctions news please see: Auctions in Durban